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Why You Need Liquor Liability Coverage for Your Holiday Party

Posted on: December 19, 2019By: Kim Shoff

What is host liquor liability insurance?

Throwing a company holiday party is a great way to celebrate the end of the year and boost your employees’ spirits. However, if you plan on serving alcohol at your company event, then you are leaving yourself open to serious risks. To protect your company, you need to invest in host liquor liability insurance. Here’s what you need to know about this specialized coverage.

What Does Host Liquor Liability Insurance Cover?

Businesses that allow alcohol to be consumed onsite or at an event that they are hosting are liable for the damage or injuries that intoxicated individuals cause following the event. Business owners can protect themselves from this risk by securing host liquor liability insurance. This type of insurance offers coverage for any third-party damages or injuries caused by intoxicated employees or party guests, ensuring that your business will not have to pay for these expenses out-of-pocket.

Does My Business Need This Coverage?

Some states have enacted laws that hold party hosts liable for the damages caused by an inebriated party-goers. These states include the following:

Alaska

Arkansas

Connecticut

Hawaii

Maine

Maryland

Massachusetts

Missouri

New Jersey

Ohio

Oklahoma

Oregon

Pennsylvania

Rhode Island

South Carolina

Tennessee

Washington

Wisconsin

If your business is located on one of these states, then you absolutely cannot afford to skip out on host liquor liability. However, even if you don’t operate a business within these states, you are still highly encouraged to carry host liquor liability insurance. This is because an injured party can still sue you for the damages an intoxicated employee causes following a company party. Host liquor liability insurance will cover your legal fees and minimize the negative impact that such a case has on your company’s reputation.

This is what you need to know about host liquor liability insurance. Looking for assistance with your business insurance this holiday season? If so, then contact the experts at Miller Carlisle Insurance Services for assistance with your commercial coverage needs today.